India has submitted its long-term low emission development strategy to the United Nations Framework Convention on Climate Change (UNFCCC), during the 27th Conference of Parties (COP27).
The focus of the strategy will be on the rational utilisation of national resources with due regard to energy security. The transitions from fossil fuels will be undertaken in a just, smooth, sustainable and all-inclusive manner. Further, increased use of biofuels, especially ethanol blending in petrol, the drive to increase electric vehicle penetration, and the increased use of green hydrogen fuel are expected to drive the low carbon development of the transport sector. The transition to low carbon development pathway will entail several costs pertaining to the development of new technologies, new infrastructure, and other transaction costs. While several estimates exist, varying across studies, they all fall generally in the range of trillions of dollars by 2050, it noted.